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Search Result for “affected”

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GENERAL

Thai inflation rate to fall sharply in Q2

Reuters, Published on 04/04/2025

» Thailand's annual inflation rate slowed to under 1% in March and will drop even lower in the current quarter, the Commerce Ministry stated on Friday as it flagged a cut to its 2025 forecast but said the country was not experiencing deflation.

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WORLD

Protest as quake-hit Myanmar junta chief joins Bangkok summit

AFP, Published on 04/04/2025

» Protesters displayed a banner calling Myanmar's junta chief a "murderer" as he joined a regional summit in Bangkok on Friday, a week after a huge earthquake killed thousands, leaving desperate survivors pleading for food and shelter.

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LEARNING

Thailand will negotiate with US on tariffs, says Paetongtarn

Gary Boyle, Published on 04/04/2025

» Thailand will negotiate with the United States on tariffs, Prime Minister Paetongtarn Shinawatra said on Thursday, hours after US President Donald Trump announced tariffs on imports from many countries to the US.

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GENERAL

Manufacturers fret after tariff hike

Business, Published on 04/04/2025

» Thai manufacturers plan to attend an urgent meeting held by the Federation of Thai Industries (FTI) on Friday to discuss efforts to cope with US reciprocal tariffs of 37% on Thai exports, with a proposal expected for increased purchases of American products to ease the trade imbalance.

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GENERAL

Analysts estimate widespread tariff damage

Business, Nareerat Wiriyapong, Published on 04/04/2025

» Stock market analysts anticipate the US reciprocal tariff, which was higher than market estimates, could reduce Thai GDP by up to 1.2 percentage points, though a severe impact may prompt the Bank of Thailand cut interest rates to revitalise the economy.

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GENERAL

Baht expected to skim 34.50 per dollar

Business, Somruedi Banchongduang, Published on 04/04/2025

» The baht is expected to test a low of around 34.50 per US dollar over the next month amid heightened uncertainty following the US announcement of reciprocal tariffs of 37% on Thai imports.

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THAILAND

TOA Supports Earthquake Relief with Free Assessments

Published on 03/04/2025

» Following the recent 7.7-magnitude earthquake centred in Myanmar, which caused tremors and structural damage across Thailand—particularly to high-rise buildings—TOA Paint (Thailand) Public Company Limited, or TOA, has announced a series of support initiatives in collaboration with the real estate sector. As a leading manufacturer and specialist in surface protection materials, construction chemicals, tiles, and gypsum boards, TOA has reaffirmed its commitment to supporting the public during this challenging time, including a policy to maintain current product pricing.

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THAILAND

Quake victims eligible for rent waivers on state land

Post Reporters, Published on 03/04/2025

» The Treasury Department is offering rent waivers to those who rent state land and were affected by the March 28 earthquake, Deputy Finance Minister Paopoom Rojanasakul said on Thursday.

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PROPERTY

High-rise condo transfers set to plunge

Published on 03/04/2025

» Transfers of high-rise condominiums in Greater Bangkok are expected to decline by 50%, while total condo transfers in the region may dip by 0.8% from 2024 in the aftermath of last week's earthquake, according to research and securities firms.

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GENERAL

US tariffs ‘to cost Thai economy B360bn’

Published on 03/04/2025

» Reciprocal tariffs imposed by the United States could result in economic losses for Thailand of 359 billion baht, reducing gross domestic product (GDP) by nearly 2%, according to the University of the Thai Chamber of Commerce (UTCC).